Net profit of Xinfengming increased in H1 2018

2018-07-12 09:20:36
CCFGroup

Xinfengming (603225) announced on Jul 9 evening that its net profit increased by 0.264 billion Yuan on the year to 0.334 billion Yuan in the first half of 2018, and the profit during the same period of last year approached 0.526 billion Yuan. Impacted by national supply side reform, industrial concentration ratio of polyester filament yarn industry increases further, and downstream demand grows stably. The profitable of Xinfengming has improved substantially compared with the same period of last year.